Page 11 - IILMGSM Journal_Management Perspective

idend of past years was shown online by 60 (90.69%) companies published press releases or
(69.77%) companies. 84 (97.67%) companies news relating to financials at their websites. 8
presented the auditor’s report and only 1 company (9.30%) companies were interested to provide
provided the name of international auditor. 78 segment reports.

Table 4: Provides detailed results of the Financial Information

S. No. Items Percentage
1 Balance sheet and Profit & Loss A/C of current year 85%
2 Interim statements of current year 97%
3 Cash flow statement of current year 81%
4 Auditor’s report of current year 98%
5 Auditor’s name 98%
6 Annual report of current year 100%
7 International auditor 1%
8 Balance sheet and Profit & Loss A/C of past years 100%
9 Financial reports of the subsidiaries 15%
10 Financial ratios 2%
11 Segment reporting 9%
12 Current share price 80%
13 Share price history 45%
14 Share price history 70%
15 Press releases or news 91%

Companies belonging to the Banking and Finance  Reporting of Corporate Governance
sector were the best performers in terms of web-
based financial reporting whereas companies Out of 110 companies, 86 companies (78%) reported
belonging to the Biotechnology, Broadcasting and at least 1 corporate governance item whereas 24
Electronic sectors were the bad performers, as they (22%) companies did not reported a single corporate
did not report any item relating to financial governance item as shown in Table 5 (see annexure).
information.

Table 5: Number and Percentage of Companies' Reporting

Items Number Percentage
86 78%
Corporate governance Information
(Reported at least one item)

No corporate governance Information 24 22%
Total Companies 110 100%

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